Showing 1 - 10 of 257,287
Persistent link: https://www.econbiz.de/10010506042
decision in the cross-section of retail investors …
Persistent link: https://www.econbiz.de/10012120317
This paper compares different graphical representation of investment returns in terms of their potential to induce a wrong perception of the risk-reward potential of an investment. Additionally, the paper analyzes which representation format is most likely to encourage investment risk taking...
Persistent link: https://www.econbiz.de/10012916341
investors appear to be subject to primacy bias and tend to put a significant weight on initial experiences in re-entry decisions …
Persistent link: https://www.econbiz.de/10012853862
Story-telling helps to define the human experience. Do people also use narratives to make sense of, and to act on, financial information? Three studies demonstrate that people's investment predictions and choices instead are by narrative thinking. Whereas neoclassical financial theory maintains...
Persistent link: https://www.econbiz.de/10012947776
Pooled annuity products, where the participants share systematic and idiosyncratic mortality risks as well as investment returns and risk, provide an attractive and effective alternative to traditional guaranteed life annuity products. While longevity risk sharing in pooled annuities has...
Persistent link: https://www.econbiz.de/10013363078
Few papers provide research about options returns, and the few available are focused in the analysis from the perspective of the long side of the option contract, i.e. the buyer that pays the price and her expected and realized option return. The main point of our research work is to provide a...
Persistent link: https://www.econbiz.de/10012998750
This paper highlights the use of a new strategic approach within a quantitative investment methodology in the context of making prudent asset allocation decisions. Three asset classes will frame the dynamic asset allocation discussion: Equities, Fixed Income, and Hedge Funds. The quantitative...
Persistent link: https://www.econbiz.de/10013003309
Individual investors trade excessively, sell winners too soon, and overweight stocks with lottery features and low expected returns. This paper models a financial innovation to address these biases and improve individual investor performance. Individual investors pledge shares of stock to an...
Persistent link: https://www.econbiz.de/10012965366
We provide the first in-depth examination of exchange-traded funds (ETFs) within actively managed mutual fund (AMMF) portfolios to better understand why AMMFs make substantial investments in passive ETFs. We examine the association between holding ETF positions and AMMF performance, as well as...
Persistent link: https://www.econbiz.de/10012970338